200,000 migrant workers to return over seven months

Original article by Matthew Elmas
The New Daily – Page: Online : 23-Nov-21

Australia will re-open its international borders to overseas students, skilled visa holders and working holiday makers, with Home Affairs Minister Karen Andrews expecting that at least 200,000 migrant workers will arrive in Australia by July. Labour market economist Professor Jeff Borland contends that the return of migrant workers will have a "pronounced impact", and he says research shows that migrant workers are positive for the economy. However, he notes that they tend to be concentrated in certain industries, making it hard for existing workers in those sectors to secure better wages.

CORPORATES
AUSTRALIA. DEPT OF HOME AFFAIRS

Warnings will not stop defiant Andrews – Premier dismisses concerns

Original article by Shannon Deery,Mitch Clarke,Kieran Rooney
Herald Sun – Page: 9 : 17-Nov-21

Premier Daniel Andrews says the Victorian government will not back down on its controversial pandemic laws, despite growing opposition. Andrews is confident that the bill will be passed by parliament’s upper house with the support of three crossbenchers and with no further amendments. Victorian Bar president Roisn Annesley says the amendments that have been accepted by the government do not go far enough in protecting the rule of law, and contends that they do not address the most fundamental problems with the bill

CORPORATES
VICTORIA. DEPT OF PREMIER AND CABINET,VICTORIAN BAR INCORPORATED

Movement in the Brisbane CBD is at 81% of pre-pandemic levels; its highest level of movement since the pandemic began

Original article by Roy Morgan
Market Research Update – Page: Online : 17-Nov-21

A special analysis of movement data in Australia’s Capital City CBDs since the COVID-19 pandemic began shows that movement in the Brisbane CBD has reached 81% of pre-pandemic levels in early November – its highest level since March 2020 when the pandemic began. Queensland has ramped up its vaccination drive in recent weeks as the State gets set to fully re-open its domestic borders to NSW, Victoria and the ACT in just over a month’s time. Meanwhile, the average 7-day movement level in the Sydney CBD was at 41% (up 8% points on a week earlier) of pre-pandemic levels in early November, while movement level in the Melbourne CBD was at to 36% (up 9% points on a week earlier) of pre-pandemic levels. Despite these low numbers these are the highest average movement levels in both city CBDs since late May 2021. The Adelaide CBD has returned to an average 7-day movement level of 94% of pre-pandemic levels – the highest level of movement since reaching a high of 98% during the Easter holidays in April 2021. Also performing well are the Capital Cities of two States that are yet to fully re-open to domestic travellers. The movement levels in the Perth CBD are now at 82% of pre-pandemic levels, while movement levels in the Hobart CBD are at 71% of pre-pandemic levels. Roy Morgan has partnered with leading technology innovator UberMedia to aggregate data from tens of thousands of mobile devices to assess the movements of Australians as we deal with the restrictions imposed in response to the COVID-19 pandemic.

CORPORATES
ROY MORGAN LIMITED,UBERMEDIA

Hi-tech race to combat China

Original article by Geoff Chambers
The Australian – Page: 1 & 6 : 17-Nov-21

The federal government has identified nine priority technologies that will be accelerated under the AUKUS and Quadrilateral Security Dialogue alliances in response to China’s investment in quantum technology and artificial intelligence. These priorities include critical minerals, quantum technology, genetic engineering and cyber security. Prime Minister Scott Morrison will use a speech on Wednesday to emphasise that the AUKUS alliance is not just about nuclear submarines.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Hazzard warning: Premier axes powers push

Original article by Yoni Bashan
The Australian – Page: 4 : 17-Nov-21

The New South Wales government has abandoned plans to extend its COVID-19 emergency powers. Health Minister Brad Hazzard had proposed legislation to extend these powers until March 2023, but Premier Dominic Perrottet moved to drop the bill amid opposition within the Coalition partyroom. Amongst other things, some government MPs are believed to have feared a similar backlash to the Victorian Labor government’s controversial pandemic bill. NSW recorded 212 new locally-acquired COVID-19 cases on Tuesday, and two additional deaths from the current outbreak.

CORPORATES
NEW SOUTH WALES. MINISTRY OF HEALTH,NEW SOUTH WALES. DEPT OF PREMIER AND CABINET

ANZ-Roy Morgan Consumer Confidence drops 3pts to 106.0 as worries about inflation mount

Original article by Roy Morgan
Market Research Update – Page: Online : 17-Nov-21

ANZ-Roy Morgan Consumer Confidence fell 3pts to 106.0 on 13/14 November; it is now below the 2021 weekly average of 108.2 and 0.6 points lower than the same week a year ago (106.6). This is the first time Consumer Confidence has dropped below its level of a year ago since late November 2020. Consumer Confidence this week was down in NSW, Victoria, Western Australia, South Australia and Tasmania, but there was a small increase in Queensland. Now 29% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 28% (up 2ppts) say their families are ‘worse off’ financially. In addition, 38% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 17% (up 2ppts) expect to be ‘worse off’ financially. Some 20% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 20% (up 1ppt) expect ‘bad times’. Meanwhile, 39% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 30% (up 2ppts) say now is a ‘bad time to buy’.

CORPORATES
ROY MORGAN LIMITED,AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

High (60.5%) approval of Premier Daniel Andrews rests on his handling of the COVID-19 pandemic

Original article by Roy Morgan
Market Research Update – Page: Online : 17-Nov-21

A special Roy Morgan survey last week found that 60.5% of Victorian electors now approve of the way Premier Daniel Andrews is handling his job, although this is down 10.5% points from November 2020; some 39.5% (up 10.5% points) of Victorians disapprove of Andrews’ handling of the job. The approval of Andrews’ handling of his job is heavily correlated to age. A large majority of young Victorians aged under 35 (72%) approve of Andrews’ handling of the job, while only 28% disapprove. This strong approval declines progressively with age. Over two-fifths of those aged 35-49 (62.5%) and 50-64 (61%) approve of Andrews’ handling of the job, while this drops to only 55% of people aged 65+. The approval rating for Andrews amongst the genders match the figures for the two-party preferred voting support, with 65% of women approving of Andrews’ handling of his job compared to 55.5% of men. Analysing by voting intention shows just how widely divergent the views of supporters of the different parties are. A near unanimous 97% of ALP voters approve of Andrews’ handling of the job, and 84% of Greens supporters also approve. In contrast, only 16% of L-NP supporters approve of Andrews’ handling of the job; this drops to only 1.5% of supporters of Clive Palmer’s United Australia Party.

CORPORATES
ROY MORGAN LIMITED,VICTORIA. DEPT OF PREMIER AND CABINET,AUSTRALIAN LABOR PARTY,LIBERAL PARTY OF VICTORIA,NATIONAL PARTY OF AUSTRALIA,UNITED AUSTRALIA PARTY

Voter ID bill may discourage turnout and no evidence it will prevent fraud, committee says

Original article by Paul Karp
The Guardian Australia – Page: Online : 11-Nov-21

The parliamentary committee on human rights has expressed reservations about the federal government’s legislation that would require voters to supply proof of their identity at polling stations on election day. Amongst other things, the committee is concerned that the voter ID laws may discourage people from voting; it also warns that the legislation may have a "disproportionate" impact on certain groups, such as the homeless and indigenous people in remote communities. The committee has also questioned whether the legislation would be effective in addressing election fraud.

CORPORATES

COVID testing firm kept $12m in JobKeeper cash amid soaring profits

Original article by Clay Lucas
The Sydney Morning Herald – Page: Online : 11-Nov-21

Pathological group Australian Clinical Labs has been a beneficiary of both the federal government’s COVID-19 testing program and the JobKeeper wage subsidy. The company’s revenue increased by 29 per cent in 2020-21, while its after-tax profit rose from $11.7m to $88.7m. Australian Clinical Labs received JobKeeper payments totalling $34.3m over the last two financial years, but it repaid just $21.9m. Australian Clinical Labs’ annual report for 2020 notes that revenue fell sharply in the months immediately following the onset of the pandemic in March of that year, making the firm eligible for JobKeeper. The company also receives a government subsidy for every COVID-19 test it performs.

CORPORATES
AUSTRALIAN CLINICAL LABS LIMITED – ASX ACL

Andrews’ pandemic powers risk state rule by decree

Original article by Rachel Baxendale, Angelica Snowden
The Australian – Page: 5 : 11-Nov-21

The Victorian Bar has urged the state government to reconsider its controversial new pandemic laws. Amongst other things, it has expressed concern that the Department of Health could exercise its new powers under the legislation without sufficient oversight by parliament. Sixty barristers have in turn signed an open letter in which they warn that the legislation would enable the government to effectively rule the state by decree for the foreseeable future. The bill was passed by the lower house in October and will require the support of at least three crossbenchers in the upper house.

CORPORATES
VICTORIAN BAR INCORPORATED